Pepper prices today, October 2, 2024, in the domestic market fluctuated in different directions in key localities, trading from 148,000 - 149,000 VND/kg.
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| Pepper price today October 2, 2024: Market fluctuates in opposite directions, Vietnam's pepper export price is the highest in 8 years. (Source: Ptexim) |
Pepper prices today, October 2, 2024, in the domestic market fluctuated in different directions in key localities, trading from 148,000 - 149,000 VND/kg.
Specifically, pepper price today in Gia Lai is at 148,000 VND/kg.
Pepper prices today in the provinces of Dong Nai (148,000 VND/kg); Dak Lak (148,500 VND/kg); Dak Nong (149,000 VND/kg); Ba Ria - Vung Tau (148,000 VND/kg) and Binh Phuoc (148,000 VND/kg).
Thus, after a day of sideways movement, domestic pepper prices today fluctuated in different directions in key localities, with increases recorded in Dak Lak and Dak Nong, decreases in Binh Phuoc and stability in other growing areas. The highest pepper price remained at 149,000 VND/kg.
According to estimates from the Import-Export Department (Ministry of Industry and Trade), in September 2024, Vietnam exported 20,000 tons of pepper, worth 125 million USD, up 3% in volume and 6.9% in value compared to the previous month, and up 10.4% in volume and 84.9% in value compared to the same period last year.
Accumulated to the end of September, Vietnam's pepper exports reached 203 thousand tons with a revenue value of 1 billion USD, down 1.5% in volume but up 46.9% in value compared to the same period last year thanks to high prices.
In September alone, the average export price of pepper was estimated at 6,239 USD/ton, up 3.8% compared to the previous month and up 67.5% compared to the same period last year. This is also the highest price achieved in the past 8 years.
On average, in the first 9 months of the year, the export price of this item reached 4,941 USD/ton, an increase of 49.2% over the same period in 2023.
In the international market, in recent weeks, black pepper prices from Vietnam have fluctuated little. Meanwhile, pepper prices from Indonesia and Brazil have tended to decrease slightly, due to the new crop season taking place in these two countries.
Analysts say that there are currently many factors pushing pepper prices down. The reason is believed to be that capital is being drawn to coffee. Along with that, the Vietnamese coffee harvest season is approaching, expected in the fourth quarter of 2024, many traders will liquidate pepper to prepare capital to import coffee amid the context of Robusta prices increasing very high.
Domestic transactions are currently quite quiet as there is not much supply in the domestic market. However, experts are still optimistic that domestic pepper prices can rise above VND160,000/kg before the new harvest season in Vietnam.
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,939 USD/ton, down 0.04%; the price of Brazilian black pepper ASTA 570 at 6,750 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,900 USD/ton, up 1.12%.
Muntok white pepper price is 9,278 USD/ton, down 1.64%; Malaysian ASTA white pepper price is at 11,400 USD/ton, up 1.75%.
Vietnam black pepper price is traded at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper price at 10,150 USD/ton. IPC adjusted pepper price up in Malaysia while slightly down in Indonesia.
Source: https://baoquocte.vn/gia-tieu-hom-nay-2102024-thi-truong-bien-dong-trai-chieu-gia-ho-tieu-viet-nam-xuat-khau-cao-nhat-8-nam-288407.html
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